MetLife's Operating Profit Rises 4.9% -- 2nd Update

TODAY: May 7, 2015 PUB DATE: May 7, 2015

By Leslie Scism Rivals MetLife Inc. and Prudential Financial Inc. posted increases in first-quarter operating profit, even as the life-insurance industry continues to wrestle with ultralow interest rates. MetLife, the U.S.'s largest life insurer by assets with a large international ...

Siemens Profit Boosted by Asset Sale

TODAY: May 7, 2015 PUB DATE: May 7, 2015

MUNICH--German engineering giant Siemens AG reported a surge in net profit for the second quarter of 2015, driven largely by gains it booked from the sale of its stake in a household appliances joint venture with Robert Bosch GmbH and ...

IMF Sees Risks for Asia-Pacific

TODAY: May 7, 2015 PUB DATE: May 7, 2015

BEIJING--Rising debts, a stronger dollar and weaker-than-expected performances from China and Japan pose increasing risks to the broader Asia-Pacific region, even as it looks likely to remain the world's fastest-growing, the International Monetary Fund said. The Asia-Pacific region is likely ...

Siemens Profit Boosted by Asset Sale

TODAY: May 7, 2015 PUB DATE: May 7, 2015

By Christopher Alessi MUNICH--German engineering giant Siemens AG reported a surge in net profit for the second quarter of 2015, driven largely by gains it booked from the sale of its stake in a household appliances joint venture with Robert ...

Alfa, Harbour Energy to Bid for Pacific Rubiales Energy -- Update

TODAY: May 7, 2015 PUB DATE: May 7, 2015

By Anthony Harrup Mexican conglomerate Alfa's planned purchase of Canadian-Colombian oil company Pacific Rubiales Energy Corp. extends a welcome lifeline to a company hard hit by the plunge in world oil prices, while promising to bring experience for a buyer ...

FTC, Sysco Face Off in Federal Court Hearing

TODAY: May 7, 2015 PUB DATE: May 7, 2015

By Brent Kendall WASHINGTON--The Federal Trade Commission in court proceedings Wednesday sought to build its case against the merger of food distribution rivals Sysco Corp. and US Foods Inc. by arguing that the next-largest industry competitor can't replace competition being ...

Australia's Job Market Weakens

TODAY: May 7, 2015 PUB DATE: May 7, 2015

By James Glynn SYDNEY--Australia's unemployment rate rose to a seasonally adjusted 6.2% in April from March, as the number of people in full-time work droppped sharply. The new jobless rate, up from 6.1%, was in line with what economists had ...

Siemens Profit Boosted by Asset Sales--Update

TODAY: May 7, 2015 PUB DATE: May 7, 2015

By Christopher Alessi MUNICH--German engineering giant Siemens AG reported a surge in net profit in the three months to end March, driven largely by gains it booked from the sale of its stake in a household-appliances joint venture with Robert ...

Siemens to Slash a Further 4,500 Jobs -- Update

TODAY: May 7, 2015 PUB DATE: May 7, 2015

By Christopher Alessi MUNICH--German engineering giant Siemens AG announced on Thursday an additional 4,500 job cuts world-wide, targeting its embattled power and gas division and a group of underperforming businesses it hopes to turn around. The new cuts--roughly 2,200 of ...

Thailand's Consumer Sentiment Weakens to 10-Month Low in April

TODAY: May 7, 2015 PUB DATE: May 7, 2015

By Nopparat Chaichalearmmongkol BANGKOK--Thailand's consumer sentiment fell to a 10-month low in April, the latest official data to indicate weak economic conditions in the first three months of this year. Thailand's consumer-confidence index slipped to 76.6 in April, compared with ...

U.S. Steel CEO Says Tariffs Could Be Needed On Chinese Imports

TODAY: May 7, 2015 PUB DATE: May 7, 2015

By John W. Miller NEW YORK-- U.S. Steel Corp. and the ailing American steel industry might need tariffs on Chinese-made steel in order to survive, Chief Executive Mario Longhi said in an interview. "Assume nothing happens, it could put at ...

U.S. Steel CEO Says Tariffs Could Be Needed on Chinese Imports

TODAY: May 7, 2015 PUB DATE: May 7, 2015

NEW YORK-- U.S. Steel Corp. and the ailing American steel industry might need tariffs on Chinese-made steel in order to survive, Chief Executive Mario Longhi said in an interview. "Assume nothing happens, it could put at risk the existence of ...

Tesla Buys Michigan Auto-Parts Maker

TODAY: May 7, 2015 PUB DATE: May 7, 2015

Tesla Motors Inc. has agreed to buy a Michigan auto-parts maker, Riviera Tool, for an undisclosed amount. The Grand Rapids, Mich. company makes stamping-die systems used to create body panels. Tesla confirmed the agreement to buy the company after a ...

Crude Oil Futures Slip in Asia on Supply Concerns

TODAY: May 7, 2015 PUB DATE: May 7, 2015

By Biman Mukherji HONG KONG--Crude oil futures slipped in Asian trade Thursday amid concerns of higher supply as well as cautious ahead of U.S. non-farm payroll data which could have a bearing on the timing of U.S. interest rate increases. ...

Swiss Consumer Confidence Stagnates in Second Quarter

TODAY: May 7, 2015 PUB DATE: May 7, 2015

By Neil MacLucas ZURICH--An index measuring the confidence of Swiss consumers was unchanged in the second quarter, reflecting concern about the strong Swiss franc's impact on the economy, according to a survey released Thursday. The quarterly Swiss Consumer Sentiment Index ...

Treasury Plans More Short-Term Debt

TODAY: May 7, 2015 PUB DATE: May 7, 2015

The U.S. Treasury Department said it plans to increase the supply of short-term debt, in a bid to ease investors" concerns about difficulty trading in global bond markets. Increasing the issuance of U.S. Treasury bills, which mature in a year ...

ASIA MARKETS: Asia Stocks Fall After Yellen Warning

TODAY: May 7, 2015 PUB DATE: May 7, 2015

By Chao Deng Hong Kong stocks on course for sixth straight day of losses. Stocks across Asia fell Thursday on concerns about the sluggish U.S. economy and overvalued equity markets, with Shanghai dropping the most and extending a deep two-day ...

Asia Stocks Fall After Yellen Warning

TODAY: May 7, 2015 PUB DATE: May 7, 2015

Stocks across Asia fell Thursday on concerns about the sluggish U.S. economy and overvalued equity markets, with Shanghai dropping the most and extending a deep two-day correction. The Shanghai Composite Index was down 1.6% at 4159.42 after losing 5.6% in ...